How To Instill Financial Values In Children
Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)
Ari Taublieb, CFP®, MBA
4.7 • 583 Ratings
🗓️ 17 March 2025
⏱️ 19 minutes
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| 0:00.0 | Today's podcast episode is different. It's not about you, but it's about your kids or your nieces or |
| 0:06.6 | your nephews or your friends. This is about how do we ensure they have the same confidence |
| 0:13.0 | with understanding finances that you do or you may be exploring. So this was prompted by a comment |
| 0:20.2 | that was left in what's called the Root Collective. |
| 0:22.7 | That is our free community. |
| 0:24.2 | I'm going to read the comment now. |
| 0:26.0 | And then I will be going through an example as well as sharing some transparent fun feedback regarding the topic. |
| 0:34.2 | And I'll have a final favor that I'm going to ask from you guys today. |
| 0:37.4 | So this was a comment and they started a thread that says, |
| 0:42.9 | Advice to Teenagers slash Young Adult Children. |
| 0:45.7 | And by the way, if you're watching on YouTube, you can see this comment right here. |
| 0:49.4 | If you are listening, I'm going to read it. |
| 0:51.3 | So no matter how you digest the content, you don't get more one way or the other. |
| 0:56.0 | So this says here, advice to teenagers slash young adult children just found listening to |
| 1:02.0 | root talks, how to overcome the scarcity mindset and start spending in retirement. |
| 1:06.0 | That's an episode that my partner James and I did recently where we talked about, why is it we still have trouble valeting, even if we have enough money? Well, that's because inherently, like, that's money that we knew could have grown more for us. And so, like, that's almost like throwing money in the trash. But then there becomes a point. And James shared the example of he used to never valet going to baseball games in San Diego, and then he would be |
| 1:29.6 | driving around for an hour and then miss the game. So at what point do we pay for these things? |
| 1:33.8 | So moving on, he says, my wife and I grew up lower middle class, and I was the first of my family |
| 1:39.0 | go to college. We struggled, but ended up doing well for ourselves, which now makes spending |
| 1:43.0 | money difficult. Through podcasts like these, we're slowly starting to spend more. Thank you, Ari and James. |
| 1:48.0 | Podcasts are helpful. Please keep it up. We have a single child, recent college graduate, who is starting |
| 1:52.4 | out on her own, and we have tried to show her good money management, budgeting, the value of |
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